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Nonprofiteer
← UNIVERSITY OF SOUTH FLORIDA ALUMNI ASSOCIATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF SOUTH FLORIDA ALUMNI ASSOCIATION INC.

Totals

Total revenue
$2,534,264
Total expenses
$2,621,686
Contributions and grants received
$1,933,624
Grants paid
$71,135
Program service revenue
$237,017
Investment income
-$36,139
Other revenue
$399,762
Total assets, end of year
$10,410,631
Total liabilities, end of year
$3,084,163
Net assets or fund balances, end of year
$7,326,468
Program services expenses (Part IX)
$2,241,742
Management and general expenses
$277,770
Fundraising expenses
$102,174
Program service expenses (Part III)
$2,241,742

Program services were 85.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $236,117

  • 1c · Fundraising events

    $46,430

  • 1d · Related organizations

    $956,715

  • 1e · Government grants (contributions)

    $382,445

  • 1f · All other contributions, gifts and grants

    $311,917

  • 2a · Program service revenue: Membership Dues

    total $78,706 · related or exempt $78,706

  • 2b · Program service revenue: Alumni Events

    total $81,825 · related or exempt $81,825

  • 2c · Program service revenue: Advertising

    total $69,746 · unrelated business $69,746

  • 2d · Program service revenue: Merchandising

    total $226 · unrelated business $226

  • 2e · Program service revenue: Travel

    total $6,514 · unrelated business $6,514

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total -$38,252 · excluded -$38,252

  • 5 · Royalties

    total $331,632 · excluded $331,632

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,263,501

  • 7b · Less cost or other basis and sales expenses

    securities $1,261,388

  • 7c · Gain or loss

    securities $2,113 · other assets $0

  • 7d · Net gain or loss

    total $2,113 · excluded $2,113

  • 8a · Fundraising events: gross income

    $170,250

  • 8a · Fundraising events: contributions included on line 1c

    $46,430

  • 8b · Fundraising events: direct expenses

    $102,120

  • 8c · Net income from fundraising events

    total $68,130 · excluded $68,130

  • 11a · Other revenue: Related Org Support

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $71,135 · program services $71,135

  • 5 · Compensation of officers, directors and key employees

    total $459,389 · program services $367,511 · management and general $45,939 · fundraising $45,939

  • 11c · Fees: accounting

    total $49,334 · program services $49,334

  • 11g · Fees: other

    total $96,805 · program services $23,950 · management and general $67,963 · fundraising $4,892

  • 12 · Advertising and promotion

    total $34,572 · program services $34,572

  • 17 · Travel

    total $59,840 · program services $56,887 · management and general $1,329 · fundraising $1,624

  • 19 · Conferences, conventions and meetings

    total $9,948 · program services $6,498 · management and general $3,310 · fundraising $140

  • 23 · Insurance

    total $33,080 · management and general $33,080

  • 24a · Other expenses: Employee Leasing

    total $1,197,747 · program services $1,026,818 · management and general $122,169 · fundraising $48,760

  • 24b · Other expenses: Postage and Printing

    total $238,068 · program services $235,308 · management and general $2,500 · fundraising $260

  • 24c · Other expenses: Event Services

    total $315,523 · program services $314,220 · management and general $1,303

  • 24e · All other expenses

    total $56,245 · program services $55,509 · management and general $177 · fundraising $559

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,735 · end of year $3,859

  • 3 · Pledges and grants receivable

    beginning of year $7,339 · end of year $8,393

  • 4 · Accounts receivable

    beginning of year $63,446 · end of year $8,639

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,598 · end of year $30,693

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $9,399,301 · end of year $10,195,366

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $150,583 · end of year $163,681

  • 17 · Accounts payable and accrued expenses

    beginning of year $126,284 · end of year $226,947

  • 19 · Deferred revenue

    beginning of year $2,663,892 · end of year $2,785,870

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $94,524 · end of year $71,346

  • 27 · Net assets without donor restrictions

    beginning of year $5,224,423 · end of year $5,618,518

  • 28 · Net assets with donor restrictions

    beginning of year $1,570,879 · end of year $1,707,950

Mission and programs · 2022

Mission

THE MISSION OF THE USF ALUMNI ASSOCIATION IS TO FOSTER A MUTUALLY BENEFICIAL, LIFELONG RELATIONSHIP BETWEEN THE UNIVERSITY AND ITS ALUMNI; TO INSPIRE LOYALTY AND PRIDE AMONG CURRENT AND FUTURE ALUMNI; AND TO ADVOCATE FOR EXCELLENCE IN TEACHING, RESEARCH AND PUBLIC SERVICE.

Activities or mission (Part I)

The mission of the USF Alumni Association is to foster a mutually beneficial, lifelong relationship between the University and its alumni; to inspire loyalty and pride among current and future alumni; and to advocate for excellence in teaching, research, and public service.

  • ASSISTING THE UNIVERSITY OF SOUTH FLORIDA IN MAINTAINING AND ENHANCING THE MUTUALLY BENEFICIAL RELATIONSHIP BETWEEN THE UNIVERSITY AND ITS ALUMNI, AS WELL AS PROVIDING FUNDS FOR SCHOLARSHIPS.

    Expenses $2,241,742 · Revenue $300,520

As filed on the 2022 return.

Listed in Part VII

  • Andrew Jones

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Braulio Coln

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Christine Turner

    Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • Juan Soltero

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Monique Hayes

    Past Chair

    Total calculated
    $0
    Hours/week
    1

  • Allison Madden

    Director

    Total calculated
    $171,503
    From this org
    $0
    From related orgs
    $144,138
    Other
    $27,365
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,078 related
    Bonus
    $0
    Other
    $0 + $1,060 related
    Deferred
    $0 + $7,509 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $171,503 related

  • Amy Pham

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ashley Butler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Balaji Ramadoss

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Hollis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Mitchell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gina Kafalas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jay Stroman

    USF Senior Vice President- Advancement and Alumni Affairs

    Total calculated
    $658,238
    From this org
    $0
    From related orgs
    $617,146
    Other
    $41,092
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $506,526 related
    Bonus
    $0
    Other
    $0 + $110,620 related
    Deferred
    $0 + $19,232 related
    Nontaxable benefits
    $0 + $21,860 related
    Filer's total
    $0 + $658,238 related

  • Jennifer Condon

    USF Designee

    Total calculated
    $272,531
    From this org
    $0
    From related orgs
    $239,181
    Other
    $33,350
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,161 related
    Bonus
    $0
    Other
    $0 + $1,020 related
    Deferred
    $0 + $12,400 related
    Nontaxable benefits
    $0 + $20,950 related
    Filer's total
    $0 + $272,531 related

  • Kerine Black

    Director

    Total calculated
    $0
    Hours/week
    1

  • Liz Wooten-Reschke

    Director

    Total calculated
    $0
    Hours/week
    1

  • Luz Randolph

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maja Lacevic

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matt Diaz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maya Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Misty Akers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sally Dee

    Director

    Total calculated
    $0
    Hours/week
    1

  • Todd St John-Fulton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Troy Dunmire

    Director

    Total calculated
    $0
    Hours/week
    1

  • Verlon Salley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Will Perez

    Director

    Total calculated
    $0
    Hours/week
    1

  • William McCausland

    USF Alumni Association Vice President and Executive Director

    Total calculated
    $253,538
    From this org
    $0
    From related orgs
    $220,636
    Other
    $32,902
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $213,016 related
    Bonus
    $0
    Other
    $0 + $7,620 related
    Deferred
    $0 + $11,159 related
    Nontaxable benefits
    $0 + $21,743 related
    Filer's total
    $0 + $253,538 related

  • Jay Hardwick

    USF Alumni Association Associate Executive Director

    Total calculated
    $137,733
    From this org
    $0
    From related orgs
    $111,978
    Other
    $25,755
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I Employees of the University
EMPLOYEES OF THE UNIVERSITY PERFORM OPERATING FUNCTIONS FOR THE ASSOCIATION. THE UNIVERSITY TRACKS, ADMINISTERS, AND REPORTS ALL PAYROLL AND FRINGE BENEFIT COSTS. THE ASSOCIATION TRANSFERS FUNDS TO THE UNIVERSITY FOR THESE COSTS. THE AMOUNT FUNDED BY THE ASSOCIATION TO THE UNIVERSITY WAS APPROXIMATELY $765,000 FOR THE YEAR ENDED JUNE 30, 2021.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349315428

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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